Russia’s invasion of Ukraine and related sanctions have distorted trade routes across the Eurasian continent.
Years of political instability have stymied Bulgaria's efforts to meet the criteria for euro adoption.
Funding will help Bulgaria-based Dronamics to accelerate growth and expand its operations amid soaring demand for cargo drones.
The EBRD lowered its forecasts for more than half its 36 countries of operation, anticipating average growth of just 2.1% this year.
Central and Eastern Europe has experienced a sharp downturn in GDP in the fourth quarter of 2022 figures, but while the worst of the economic decline has passed, the region is likely to stagnate this year.
Multinationals typically try to find loopholes in employee rights for their operations in Eastern Europe, preventing wages converging with Western European levels.
The surge in energy prices has significantly lifted headline inflation rates in the UK and Eurozone through the direct impact on household energy bills. However, there is a time lag to the feed through to consumer inflation.
US Secretary of State Antony Blinken says Washington, in coordination with London, is taking action to counter systemic corruption in Bulgaria.
The free flow of ideas, people, goods, services, and capital across national borders leads to greater economic integration. But globalization, the trend toward these things moving ever more freely between nations, has slowed in recent years.
The COVID-19 pandemic pushed CEE students towards Western online MBA courses, but they are now returning to face-to-face studies, say the region's business school heads.
Europe’s gas storage tanks are 68.8% full, a record high in the last decade, with a little more than one month left of the heating season.
The energy crisis in Central and Eastern Europe has lost some of its bite after a mild winter and record LNG imports led to a slump in natural gas prices. The EU has made good progress in replacing Russian energy supplies.
More and more signs point to a new major Russian initiative to take Ukraine in the spring, including a possible attack on Kyiv. How could a major Russian offensive or a Russian victory in Ukraine challenge Europe?
Mercantilism is also replacing globalisation, and the US has a declining interest in European affairs.
A strong presence of North Macedonia’s special police units, a tense atmosphere in Skopje and incidents on the Bulgarian border marked February 4, the 151th anniversary of the birth of Macedonian national hero Goce Delcev, claimed also by Bulgaria.
The caps came into force on February 5, three months after a similar cap of $60 per barrel was introduced on Russian crude oil exports.
Dealmaking in Central Europe is set to rebound, says law firm's long-standing Prague managing partner, as new kinds of investor move into the region.
New pipeline with capacity of up to 1.8 bcm a year will help increase energy security and diversify gas supplies in the region.
Russian pipeline gas flowing to Europe dipped to a record low in January, down 30% compared with supplies in December, while experts warn that there could be significant further downside risk to the country’s deliveries.
wiiw believes that most countries of the region have “probably already digested” most of the economic shock caused by the Ukraine war, provided Russia does not escalate the conflict further.